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(Weekly expected flow) In the newly formed low point section ...

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(USDT chart)

(USDC chart)

As USDC stopped falling and rose, USDT also showed a rise in gap.

I believe that the rise in the gap between USDT and USDC is a sign of new funds flowing into the coin market.

I think the state of fund flow is good.

However, the problem is that the flow of funds in the coin market does not seem to be very good.

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(BTC.D 1M chart)
With BTC dominance, the trend of BTC is unknown.

The rise in BTC dominance means that funds in the coin market are being concentrated towards BTC.

Accordingly, when trading altcoins, you must be careful of irregular movements such as fakes or whipsaws.


(USDT.D 1M chart)
The overall trend of the coin market is likely to be contrary to the movement of USDT dominance.

Therefore, a decline in USDT dominance means that the overall trend of the coin market is likely to be upward.


In order for the coin market to continue its upward trend,

- USDT dominance must remain below 4.97 or show a decline.

- USDT and USDC must maintain a rising gap.

- BTC dominance should show resistance and decline around 55.01-62.47.

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(BTCUSDT chart)


(1M charts)
The state is now StochRSI < StochRSI EMA.

Accordingly, we can see that the strength of the rise is weakening.

However, at this time, when it receives support near the second section, it is expected to show a greater upward trend if it switches to a state where StochRSI > StochRSI EMA.

If not, and it goes down,
- 1st: HA 5EMA
-2nd: 3rd section
You need to check if you receive support near the 1st and 2nd levels above.


(1W chart)
The most important thing about the 1W chart is whether the price can be maintained above the important rising channel.

The MS-Signal indicator (M-Signal on the 1W chart) has risen to the 56K-59K range.

Accordingly, I believe that the 56K-61K section has become a more important support section to maintain the upward trend.


The key is whether it can be supported and rise around 64K-69K, the upper section of the box of the HA-High indicator on the 1M chart.


A period of volatility has begun on the 1W chart.

This period of volatility is expected to continue until around the week of July 29th.

At this time, as mentioned above, you need to check whether it can rise along the important upward channel.


(Renko 1D chart)
I find Renko charts very useful for identifying trends.

You can see that the price needs to be maintained above 64K in order to turn upward.

You can see that a full-fledged decline is likely to begin when it falls below 52K.

Therefore, it should be interpreted that there is currently a movement toward a downward trend.


(1D chart)
A new HA-Low indicator was created for the first time on May 3rd.

Accordingly, there is a growing possibility that the trend will be determined again depending on whether there is support around the HA-Low indicator point of 62791.03.


The creation of the HA-Low indicator means that a low point has been formed.

Therefore, when the box section of the HA-Low indicator is formed and the price rises above the upper section of the box and maintains the price, the last time to buy in the low section is the time.

However, if it falls below the HA-Low indicator, it may indicate a cascading decline that renews the latest low, so a countermeasure is essential.

If it is supported by the HA-Low indicator and rises to near the HA-High indicator, it is the first split selling period.

The reason is that the creation of the HA-High indicator means that a high point has been formed.

Therefore, if the price is maintained above the upper section of the box of the HA-High indicator, then it can be said that a full-fledged upward trend begins.

You can proceed with trading depending on the characteristics of these HA-Low and HA-HIgh indicators and whether there is support near the MS-Signal indicator (M-Signal on 1D, 1W, 1M charts).


Currently, the HA-Low indicator is formed at the 62791.03 point, and the MS-Signal indicator (M-Signal on the 1D chart) is formed in the 62791.03-64K range, so the price must be maintained above 64K in order to switch to an upward trend. .

If not, there is a possibility that the price may fall along the currently formed downward channel, so caution is required when trading.


The next period of volatility will be around May 19 (May 18-20).

Accordingly, it is necessary to check whether the price can be maintained by rising above the falling channel through a period of volatility.


Since the M-Signal indicator on the 1W chart is passing around 59K, if it falls below 59K and shows resistance, there is a high possibility that it will turn into a downward trend, so a countermeasure is needed.

However, it is expected that a full-fledged downward trend will begin only when it falls below the 0.786 (51606.42) to 53256.64 range.



Have a good time.
thank you

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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.

This is the section expected to be touched in the next bull market, 81K-95K.


#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15

These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.

Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.

#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55

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Comment:
(BTCUSDT 1D chart)
Comment:
(BTCUSDT 1D chart)
The key is whether the price can be maintained by receiving support near the HA-Low indicator point of 62791.03 and rising above the HA-High point of 65233.64 on the 1W chart.

If it doesn't and it's falling, it's important to see if it can rise along an important trend line.

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From a trend perspective, we are currently seeing movement within a downward channel.

Accordingly, it is important to determine in which direction the price will be maintained based on the 64540.0-64086.86 section.

64840.0 point: Top point of the HA-Low indicator box on the 1D chart
65086.86 point: Bottom point of the HA-High indicator box on the 1D chart

Therefore, if the price moves sideways around 64540.0-64086.86, it is likely to fluctuate up and down as it enters the volatility zone (expansion channel), so you should be careful about trading.


It is time to buy when support is seen around 62791.03.

However, when it falls below the 58811.32 point, that is, the bottom point of the HA-Low indicator box on the 1D chart and shows resistance, it is considered a stop-loss period.


The M-Signal indicator on the 1W chart is passing near the 58811.32 point.

Therefore, it is expected that support near the M-Signal indicator on the 1W chart will have a significant impact on the future trend.

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To summarize,
- It is currently located within a downward channel, so it is likely to fall.

- However, the M-Signal indicator on the 1W chart located around 59K and the support near the important trend line are expected to have a significant impact on the future trend.

Therefore, if the M-Signal indicator on the 1W chart and an important trend line rise, it is likely to form a new upward trend.

If not, the downward trend is expected to continue along the downward channel.

When the downward trend continues,
1st round: 51K-53K
2nd: 46K-48K
3rd: 42K-43K
You need to check which of the 1st to 3rd levels above you receive support.

The third section is an important volume profile section, so it is a section that must be supported.


To continue the upward trend, the price must rise above the HA-High indicator on the 1D chart to maintain the price.

Currently, the HA-High indicator on the 1D chart is formed at 70231.38.


The HA-Low indicator means that a low point has been formed.

However, just because a low point has been formed, it cannot be considered that a bottom has been formed.

This is because in order to form a floor section, a solid support section must be formed.

Therefore, in order to form an upward trend with a 'V' shaped rebound, there must be a temporary decline caused by extreme fear.

In other words, this is only possible if panic selling occurs.

Given the current market trend, I think the section where panic selling is likely to occur is the 53K-56K section.

If it falls into this range, I think there is a high possibility that it will record a large decline as selling pressure increases.

I think the end of this selling trend is around 42K-43K as mentioned above.

Therefore, it is predicted that the bottom section is likely to be formed around 56K-61K.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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